D.A. Davidson & CO. lifted its holdings in shares of American Express (NYSE:AXP) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,311 shares of the payment services company’s stock after purchasing an additional 452 shares during the quarter. D.A. Davidson & CO.’s holdings in American Express were worth $9,887,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of AXP. Prospera Private Wealth LLC acquired a new stake in American Express in the 3rd quarter valued at approximately $27,000. Kennebec Savings Bank acquired a new stake in American Express in the 3rd quarter valued at approximately $29,000. True Wealth Design LLC raised its position in American Express by 332.0% in the 3rd quarter. True Wealth Design LLC now owns 108 shares of the payment services company’s stock valued at $29,000 after buying an additional 83 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in American Express in the 3rd quarter valued at approximately $38,000. Finally, Financial Life Planners acquired a new stake in American Express in the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 84.33% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities research analysts recently issued reports on AXP shares. Keefe, Bruyette & Woods lifted their target price on American Express from $350.00 to $360.00 and gave the company an “outperform” rating in a research report on Monday, January 27th. Compass Point dropped their target price on American Express from $325.00 to $309.00 and set a “neutral” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company raised their price target on American Express from $355.00 to $370.00 and gave the company an “overweight” rating in a research note on Friday, January 31st. JPMorgan Chase & Co. raised their price target on American Express from $301.00 to $307.00 and gave the company a “neutral” rating in a research note on Tuesday, January 14th. Finally, Citigroup raised their price target on American Express from $305.00 to $320.00 and gave the company a “neutral” rating in a research note on Tuesday, January 28th. Three research analysts have rated the stock with a sell rating, thirteen have given a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $296.38.
American Express Stock Performance
Shares of NYSE AXP opened at $312.52 on Wednesday. The stock has a 50 day moving average of $307.25 and a 200-day moving average of $282.90. The company has a market capitalization of $220.16 billion, a P/E ratio of 22.31, a P/E/G ratio of 1.50 and a beta of 1.24. American Express has a 12 month low of $209.10 and a 12 month high of $326.27. The company has a current ratio of 1.67, a quick ratio of 1.63 and a debt-to-equity ratio of 1.64.
American Express (NYSE:AXP – Get Free Report) last released its quarterly earnings results on Friday, January 24th. The payment services company reported $3.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.00 by $0.04. American Express had a return on equity of 32.65% and a net margin of 15.36%. As a group, equities research analysts predict that American Express will post 15.32 EPS for the current year.
American Express Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, February 10th. Investors of record on Friday, January 3rd were paid a $0.70 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $2.80 annualized dividend and a yield of 0.90%. American Express’s dividend payout ratio (DPR) is presently 19.99%.
Insider Activity at American Express
In related news, insider Raymond Joabar sold 15,179 shares of the business’s stock in a transaction on Tuesday, January 28th. The stock was sold at an average price of $313.94, for a total value of $4,765,295.26. Following the completion of the sale, the insider now directly owns 23,866 shares in the company, valued at $7,492,492.04. The trade was a 38.88 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Caillec Christophe Le sold 6,000 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $303.48, for a total value of $1,820,880.00. Following the completion of the sale, the chief financial officer now owns 6,433 shares of the company’s stock, valued at $1,952,286.84. This trade represents a 48.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 30,664 shares of company stock worth $9,613,503 in the last ninety days. 0.12% of the stock is owned by company insiders.
American Express Profile
American Express Company, together with its subsidiaries, operates as integrated payments company in the United States, Europe, the Middle East and Africa, the Asia Pacific, Australia, New Zealand, Latin America, Canada, the Caribbean, and Internationally. It operates through four segments: U.S. Consumer Services, Commercial Services, International Card Services, and Global Merchant and Network Services.
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